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: many other republican study committee, a group of congressmen who were worried about government spending. the committee chairman is congressman jim jordan. what do you want to do? cut for people of? >> no, we want to help them get to a better life. what you need to do is create programs that actually help people get to a better life. john: ever done before. >> you do it by not waving the work requirement like this administration did. you -- john: to be fair, they have not totally waived a work requirement. they let some states experiment. >> they also let some states not have a work requirement and there sang were not going to require that one key element that helps people get to the american dream, experiences. did the job. that is what we want to see. that key ingredient to accomplish anything that we all learn. john: how? that was already in the original welfare reform act? we have a new welfare reform act, updated version. >> for trying to get a handle on all of the social welfare spending the federal government does. estimates are 600 billion the year when you factor in med
's damming comments that 47% of americans were freeloaders dependent on government handouts. obama campaign adviser david plough had an answer. it wasn't very good. >> 47%, that's an issue that 100% of the country knows about. the president wanted to tell the american people here's my job plan. focused on energy and education on the right way to fix the deficit. romney's approach is the wrong approach on taxes on deficit on wall street reform, on medicare and healthcare. >> eliot: on "good morning america," comedian jon stewart said he tried the same strategy in an upcoming debate with bile o'reilly. >> strategy that obama took, it is the rope-a-dope but instead of letting your opponent punch himself out you just get beat up. >> eliot: ouch. piling insult on top of self-inflicted injury, john sununu told msnbc's andrea mitchell -- >> what people saw last night i think, was a president that revealed his incompetence, how lazy and detached he is. >> did you really mean to call barack obama the president of the unit
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, the federal government for the $10 a shake jpmorgan got not only bear stearns' assets but liabilities, including, authorities say responsibility four some of the most egregious conduct in the financial crisis you churning out residential mortgages by the thousands, bundling them into what the firm told investors were quality securities, knowing all along many of the mortgages were duds a systemic fraud on thousands of investors, the lawsuit says, deceiving them about the fundamentally defective character of the mortgages and went housing bubble burst, those investors are suffered monumental loss, jpmorgan plans to contest the suit and disappointed with the ag for bringing the case and says it is the first product of a presidential working group on american securities fraud formed in january. today in washington, officials signal it had won't be the last case. sue? >> scott, stay with me. we are going to talk about this joining us first on cnbc to discuss the lawsuit is new york attorney general eric schneiderman. welcome, sir, pleasure to have you back with us on "power lunch." >> tha
it will coincide with our perspective, the libyan government understood and said clearly what happened. it was in direct contravention to what the president and spokesman said and were told. they have no other intelligence sources. >> i have spent enough times overseas, and most of my adult life, to know that sometimes you have to take with a grain of salt what the most country is stay -- host country is saying, i understand sometimes skepticism over host country, this is what happened. but, in this case, to your point, the libyan government of right. my 5-year-old boy could have figured it out this was a terrorist-related incident planned ahead of time just by looking at tactics used. fields of fire, the way that the attackers moved and all of the information leading up to this saying common sense would tell you this was a preplanned attack. lou: and we're watching our ambassador, lead to a safe house that was neither safe or protected. and the fact that the terrorists knew there was a safe house located at that position and at is where they killed him, led your intelligence analyst t
. the government add 1.3 trillion in the fiscal year that ended . worked out to 11,000 more to the household is the fourth straight year of 1 trillion dollars. these numbers are so mind boggling. the national debt is over 16 trillion dollars and that will no doubt with a big topic. >> brian: they had it on the nightly news and sean hannity in you could stand up. they were able to play a tape. the tape has been out but president obama in hampton university addressing an audience of a thousand and it was right in the wake of katrina and we all know what happened on katrina. >> steve: we certainly do. it will be interesting tonight will the moderator of the presidential debate will ask mr. romney about the 47 comment. will they ask about this particular video that shows then senator obama showing that the neglect of new orleans was racial. >> down in new orleans, where they still have not rebuilt 20 months later. there is a federal law when you get reconstruction money from the federal government called the staford act and when you get federal matter you have to give a 10 percent match from the
there, but the taught there, and i enjoyed him. he can govern. he governedded massachusetts, a state was ungovernable with a democratic legislature. he'll go back to that if he gets in and begin to do it. i hope he comes across without looking like the handlers were at him out all. neil: what do you think of how he's run the campaign? >> handlers got to him. when you run, and you got a staff like that, and they say don't do this, and, of course, obama has the crack staff. he's got axelrod and gibbs, and they are not interested in policy. they are interested solely on getting their guy re-elected, like america can shovel along because our first job is to get our guy re-elected while the other issues go on unaddressed. people are tired of that and disgusted. neil: will they welcome the tough medicine that will likely go along with this? you've always told me, senator, that people are grown ups, understand the issue, and you think they'll work on these? >> we go all over the country, saying pull up a chair. we don't do bs or mush, but math, and not myth. we don't want filtered questions
wants to have government investing for us. he wants to hire more government workers. he wants to raise taxes, as the vice-president biden blurted out today, they want to raise taxes by a trillion dollars, or more like $2 trillion by our calculation. he has laid out the same policies he has been following the last four years. i don't think that sells very well when people hear that. he also didn't have the chance to continue to misrepresent my views. i got the chance to present my own perspectives. and i think that helped me. >> sean: do you think to some extent that the obama campaign has overreached by calling you a tax cheat and attacking bain capital and even suggesting that you were responsible for the death of this man's wife, et cetera, et cetera, they spent millions and millions of dollars advancing a narrative against you, you know, the president himself saying that your plan is for dirty air and dirty water and you want kids with autism and the elderly to fend for themselves. to some extent do you think that by over reaching and when people saw you side by side that that partl
going to be demand to be paid, but reach the point where the foreign governments will demand exorbitant amounts to lend to us, i'm sorry to say, there's not enough to be done, we're going to have to raise taxes, and we're going to have to do it. >> why start with something that will prevent you from cutting. >> it's not going to be-- >> with all due respect, ben, the history of this country the last 20 years, or 30 years, trying to do deficit reduction is raising taxes and not doing the cutting on the other end. why don't we try a different approach? why don't we try an approach and cut stuff and then maybe raise, at thats later? >> we can't cut. we can't cut. we can't cut. >> then we're might as well as go down in flames if we can't cut. >> raise taxes. >> neil: charles, one of the interesting things this week, the 47% romney thing and i go back and forth no matter who's nose got out of joint as a result of the comments picked up at a fundraiser. the 47% should stagger you, how we get 47% don't pay taxes. i take nothing away from those on social security, retirement. for whatever reaso
protect its in my pocket. this is the government basically being a moderate. they get to do it legally and there is not all lot you can do to stop them. lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this
health care. the final two segments will cover the role of government and governing. with mitt romney and president obama in the final hours of preparing and holding mock debates it's up to the running mates to connect with the voters on the kpaun trail. >> together we'll win north carolina. >> reporter: vice presidented bien said something on tuesday the romney campaign agreed with. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: paul ryan said the middle class has been buried. >> they are being buried by the obama administration's economic failures. >> reporter: the obama campaign said ryan took mr. biden's words out of context. the president will have the first word tonight, mitt romney will have the last. >> susan, thank you. this is where you can watch tonight's debate. our coverage begins at 9:00 p.m. eastern right here on cbs. meanwhile off the campaign trail conservative blogs were budsing about fox news recent airing about a 2007 speech by a then senator obama before a black audience. he expressed suspicion the fe
again blasted romney's hidden camera comments on the 47% of americans he dubbed victims of government dependence. >> i don't think we can get very far with heed lookers who write-off half the nation as a bunch of victims who never take responsibility for their own lives. >> 47% people of the people -- >> the obama campaign turned romney's remarks into a devastating new ad playing the words under the faces of families and veterans. >> and they will vote for this president no matter what. so my job is not worry about those people. they should take personal responsibility. >> reporter: romney who has courted veterans two days in a row. he's seizing on new economic data. from 1.7% to 1.3. >> this is not just one quarter. this has been going on now for years. china is growing much faster than we, russia is growing faster than we. our economy needs to be reinvigorated. >> reporter: the labor department announced it undercounted nearly 400,000 jobs in 2011. meaning that 4.4 million jobs have been created since inauguration. but the president said there's still more work to do. >> we're not w
report from the government. today thursday's weekly jobless claims report. that hits the wires at 8:30. in the meantime, what's been happening in europe is that things have barely bunched there again and they seem to be taking their cues from us.dnched there aganfroms.gnched there agand they seem to be taking their cues from us.ched there again and they seem to be taking their cues from us.hed te again and they seem to be taking their cues from us.ed there again and they seem to be taking their cues from us. dow, nasdaq, s&p all closing slightly higher yesterday. in asia, a long week without chinese trading, but in japan, the nikkei was up by about 77 points. and in bombay, sensex up by 188 points. oil prices actually energy stocks yesterday were lagging as we saw big tumble in crude oil prices. back up by about 6 # ce4 cents, those are levels we haven't seen in quite some tile. ten year note, yielding 1.63%. so that's a slightly higher yield than yesterday. the dollar interesting story, too. you'll see that it is down against the euro. but still 1.2951. so we've been right around 1
. the president supports the position on the creation of jobs and the government can't do everything but it has a responsibility. we have lost public sector jobs and we have laid off a lot of cops, firefighters and teachers. that is not the way to get the economy humming again. >> governor gilmorgilmore. aka governor romney, what is your solution? >> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up this economy and great growth. you can't do anything in this country until you get growth going again. until there are plans in place. talking about a tax reduction so that they can spend more money. so that they are xare competiti with over seas people. >> you heard go
's presence. they think tice was being detained in august but the government has not acknowledged it. happening in frib, gunmen opened fire on a university in northeastern nigeria. 20 people are now dead. no one has claimed responsibility for the attack but it happened in an area that's been a targeted by islamic militants. we are deeply sorry for what happened. that is the response from ikea. the swedish retail giant came under criticism for intentionally removing photos of women in catalogs that were shipped to saudi arabia. the company is investigating why these photos were omitted in the first place. saudi arabia does not prohibit the presence of women in marketing materials. and hong kong, 38 people are dead in the territory's deadliest maritime accident in decades. a passenger ferry collided with another boat last night off of lamma. police have arrested seven screw members from the boats and rescue crews are still looking for survivors. >> reporter: a night of celebration turned to tragedy as water rushed in through the boat's hull. >> translator: the boat was standing straigh
near the name. >> brian: government employees can't use their title to help in election . the health and human secretary services she's going back on the road this weekend. "fox and friends" starts right now. ♪ "fox and friends". >> gretchen: wow, i didn't disrupt you from getting squiril and i came down and set down in notine three seconds. >> brian: the cart wheel was amazing. >> gretchen: in my high heels . welcome to eric boling. >> brian: good to know they are flying. rocky was smart enough to have helmet and goggles these squirils department are them. >> gretchen: wolehave more to talk to about this morning than that . and here are head lines. secretary of state hilary clinton meeting one on one with israeli benjamin netanyahu. sources tell folks news that they had an in-depth discussion about iran. netanyahu urged countries to get a clear red line. clinton reiterated the united states position that diplomacy. >> america want to resolve the issue through diplomacy and we believe there is time and pace to do so and that time is not unlimited and the united states will do what
just said to dagen and fewer viewers. he is absolutely right. the government is too big. we have all of these taxes to worry about if we do not cut spending. it has become the biggest financial institution in the world and that is why we are more worried today about uncertainty and what has happened is the risk reward ratio has changed for business. there is more risk and potentially a lot less rewards. businesses are holding back and that increases the odds of recession. the three what todd would you put on recession given the fact, again, this morning we are optimistic -- maybe not, maybe things are looking pretty good. what odds do you put on recession? >> when we had our soul patch, we did not change our hearts. we stayed at 10%. that is 10%. this year as we have had this slow patch, especially a big drop in production, big drop in durable good orders, machinery orders are down 10% from a year ago, these numbers concern us. even though the economy is growing, companies are holding back. they are holding cash. they are not making new orders. that worries us. that may seem low to p
. this is in a town in northern -- this is after government war planes dropped several bombs on the people there. >>> a suicide bombing in eastern afghanistan leaves 14 people dead, three nato service members among the victims. we do not know their nationalities yet. the taliban is claiming responsibility for this blast. the afghan interior ministry says the attacker drove a motorcycle packed with explosives into a group of soldiers and afghan police on patrol. >> this was a scene outside the building for the punk rock band pussy riot. protesters scuffled with police. some got hauled away. while that was going on outside. inside the hearing was being postponed until october 10th. one of the members says she wants to fire her lawyers because she disagrees how they're actually handle this case. you probably remember these three women in the group were sentenced to two years in prison for performing a song critical of president vladimir putin in a cathedral. the women are all appealing their sentences. >>> at least 28,000 people killed so far in the civil war in syria. now the syrian government as
out with dignity, we gave the government there a chance. whether they take the chance or not, i don't know. afghanistan doesn't even look like we're going to get out of there with a stable government 'cause karzai is a crook, i think he's a crook. and the taliban just waiting in the mountains of pakistan and come in as soon as we leave. okay. let's go to iran. the president says he's making inroads with alt sanctions, that they're suffering there and that they're going to cave and if they don't, he'll do what's necessary. what we must is what he said, to prevent them from having nuclear weapons. why has that policy failed? >> no government in modern history stopped another government from building a nuke. the problem we have in iran is do you police to us policy. we have companies in the united states, companies all over the world doing economic business, making money in iran. you want to hurt iran? you got to play hard ball economically. the military option has got to be off the table. >> bill: so you think that when you say the military option has to be off the table, certainly no
sense of it all. here is the deal. big questions over the role of government when it comes to the economy. these two guys could not be further apart. did they make their case clear last night? >> it was part of the debate i enjoyed the most. i enjoyed the economic stuff. when it got to the role of golf, jim lehrer asked that and i thought they stated their case and mitt romney stated it well where he said he doesn't believe the federal government can do much that is better than the private sector can be left to do or individuals can do and barack obama, you know, he started by saying the major role of government is keeping its people safe. but that is a fundamental disagreement between conservatives and liberals. i think -- i don't know that too many people would have been confused about their answers or would have expected them to say something else but i think it's important that your vote this time around is determined by what role you think government should have. the key difference to remeer is in the last four years with the economic collapse, we live in a world, in a
that they are victims believe that government has the responsibility to care for them and believe that they are entitled to health care and housing and you name it. my job is not to worry about those people. >> rush limbaugh is still struggling to find an honest way to defend mitt romney's comments on the 47%. >> obama is saying that 47% of the people are not victims. he is putting words in romney's mouth. he is taking it out of context. >> never talked about them being victims. here is what mitt romney actually said. >> quote, there are 47% who are with him dependant upon government who believe that they are victims. today, it was described this way by former democratic governor of ohio at the democratic national convention. >> mitt romney has so little economic patriotism that even this money needs a passport. it is summers on the beaches of the cayman islands and winters on the slopes of the swiss alps. barack obama is an economic patriot. mitt romney is an out sourcing pioneer. >> here is president obama on economic patriotism today. >> during the campaign season you hear a lot about patriotism. you
. because i already called the race two nights ago. so the question is for you an governance perspective, you are dealing with an economy that has grown at a rate that nobody is happy with so what are you going to do? >> we need every single voter engaged. as you know from your lifetime in politics elections are long and very complicated processes, a lot can happen in 40 days, so we'll keep pushing forward until the end of this thing. in terms of the economic questions for the president he is going to do what he has done throughout this campaign, where we started and what he inherited. we boss 3.5 million jobs headed into the first six months before he took the oaf value office. and what he has done to move us forward. and we're going to talk about the things we want to do and the plans he has to move us forward. some of the plans are on the table and have been obstructed by congress like the american jobs act, and some of these plans he has outlined on the stump and in our advertising, in terms of the energy solution investments in education and infrastructure. so
on government. who believe they're victims. who believe government has responsibility to care for them. who believe they're entitled to healthcare and food, to housing, to you name it. >> eliot: while mitt romney and his super pac allies have raised more money than the president and his allies, the margin is surprisingly small. according to the "washington post," the president has raised $779 million just $5 million less than the republicans. the democrats have spent more, $612 million. there is help on the way for the campaign. democratic super pacs have started to bring in large donations. politico is also reporting today that financier joe is giving a million dollars to priorities u.s.a. action, a super pac supporting the obama campaign. federal lecture laws give the white house an advantage in the spending wars. "the washington post" reports while the president's campaign controls most of his funds, much of romney's cash is actually being held by a g.o.p. committees and other interest groups because candidates enjoyed
support for the governments that have come to power following the arab spring? >> well i would say even at the time this is going to be a rocky path. the question presumes that somehow we could have stopped this wave of change. i think it was absolutely the right thing for us to do to align ourselves with democracy. universal rights, a notion that people have to be able to participate in their own govern thanks. i was pretty certain and continues to be pretty certain there will be bumps in the road. in lost these places, one organizing principle has been islam. >> rick: president obama on "60 minutes" in an interview with numerous remarks about the cairo embassy attack and israel. his bump in the road comments ignored by most in the mainstream media. and if there was a follow-up to the comment they didn't air it. >> they never follow up with the president. the fundamental flaw as crypted by steve croft. they say it's not just islam it's the extremist wing of islam and name me another country other than indonesia and turkey where the fundamentalist islam has then nonviolent or promoted w
later this morning. the government releases its september unemployment report. experts see that jobless rate rising from the current 8.1%. >> we'll be talking about that a little later. susan mcginnis in washington. thank you so much. word this morning that a rare but deadly meningitis outbreak has the potential to get bigger. it's possible thousands of people are at risk. so far at least 35 people in six states have contracted the fungal meningitis. five have died. the shots behind the disease were shipped to 23 states. it's unclear how many people received injections. in tennessee 1,000 people received the tainted shots. seth jones reports. >> honest to goodness, i became more and more frightened. >> reporter: on monday sue learned she might have been infected by the fungus in the steroids given for back pain. >> what symptoms are you told to look out for. >> headaches, neck pain. vomiting. dizziness. a lot of flu-like symptoms. >> those could be -- >> could be anything. >> reporter: she was one more of 700 patients who received injections at clinics affiliated with saint thomas hospi
of government and leadership/governing style. and by a pretty wide margin going in right now, the voters expect president obama is going to outdebate his opponent, but both men have taken great pains to downplay their own chances, downplay the expectations. our dan lothian is up very early at the university of denver. and, dan, i understand this is the fourth time that these two men have really ever encountered one another in person. is that expected to have any effect when they meet each other on stage? >> well, certainly this is not someone who the president spent time with in the senate, has not spent a lot of time talking to him, and when they debate tonight, for 90 minutes, it will be the most time and the longest time that they have spent interacting at all. so it is an unusual, i guess, setting if you will for the president and governor mitt romney. but nonetheless, they're getting ready for this big event, the last couple of days they have been doing these mock debates, going through every possible question that will be asked, every possible scenario that will be thrown their way. so th
the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank of england, fed, ecb are doing with monetary policy. the fed is now at the extreme. we've tied our monetary policy to unemployment rates. the concern is that's going to bleed into inflation in their markets. you have half the world, the developed market, saying reflation, reflation, reflation. at the same time, the eu markets want to grow, but they don't want that inflation. so they're at odds. that's why you hear brazil's government telling you there's somewhat of a currency war going on. so, look, there's always something. going on. i mean, it's been a very volatile year. the market is up 33% over the last 12 months. there's been plenty to do. our view is this volatility is creating opportunity. you've got to be global. you've got to be across multiple assets. you have to be coordinated in terms of your approach. we're finding a lot of different things to do across both our liquid bus
understanding how government works, it's understanding people's problems, trying to fix their problems, address their problems, hearing both sides and trying to meet out resolutions of problems. i think i would also like to see a justice who has been a civil rights lawyer, a public interest lawyer. >> the governor of massachusetts. >> beautiful. >> wait, wait, wait a second. can you imagine a union side laborer being confirmed with the supreme court with the senate we have? >> yes. we have to get away from this emotion that we have to put only safe people up for these seats. yes, if a president is willing to fight, and we have seen presidents fight for their mom knees and we, because we have to be heroes in this, also. but, if we are able to gin up our constituencies, i think we can do it. yes, i do. it will be a fight. a fight to end all fights but you can't win a fight unless you start a fight. i think putting up progressives is a possibility. >> that was one of the advantages of the sotomayor nomination, she had life expeenexpeen experiences working as public interest and a judge. that is th
and they say who is going to pay for this? >> reporter: it could be the u.s. government should the family of brian terry prevail in their wrongful death claim. >> that will be an interestingment. >> reporter: the mexican government has remained silent. unwilling to criticize it northern neighbor. >> they only want the benefits from the politics. >> reporter: the univision identified 60 additional weapons tied to fast and furious. but it's the victims at a birthday party that outrages critics. paul ryan joined 30 house members calling for attorney general eric holder's resignation. martha: should eric holder resign u.s. attorney general because of all of this? one official at justice resigned and another retired in the wake of this scandal. another 14 officials may face disciplinary actions because of operation fast & furious. jay sekulow from the center for law and justice has behind this pursuit. for so long we heard about brian terry and we heard about the others in mexico who were also affected by operation fast & furious. now to hear these parents, to see the faces of these teenagers
of governing and one segment on the role of government in people's lives, john. so how this is going to be set up is that the candidates will be sitting at podiums. if you're looking at your tv screen, mitt romney on your left, president obama on your right. the first question tonight, john, goes to barack obama. >> well, will they have a chance to mix it up and rebutt each other in a free-flowing way. >> organizers hope to have a flee-flowing discussion. this is the kind discussion we like to see because it allows the two candidates to discuss it amongst themselves. if there are questions about each other's plans, they can directly ask each other that. we have not seen that in this campaign and we'll see it tonight. >> you said the economy will likely be the big subject in the debate tonight. we have new polling to give a sense of what voters are saying about this right now. >> it is, john. no surprise, people are very downtrodden about the economy. let's look at the new cnn poll just released coming on the air. it shows that 73% of americans believe that there is poor economic conditions rig
to the governments. they have to fulfill their requirements. so here we are at the best levels of the day, as well, and indeed euro-dollar is up above 1.50. and spanish bond yields, still just below 6%. italian yields fairly contained, as well. so it's all about the employment report today which leaves -- somebody has mysteriously left what looks like a martini glass. i'll come back into the light. shaken, not stirred. >> man, does he look the part. >> yes, you do. i wonder who could be messing with your lights. thrush? no, not spectrum, spec ter mayb. it was mostly just the russian, right? >> and i remember the later ones more. >> i see oo 7 at the u.s. open tennis all the time. that's where sean connery hangs out.7 at the u.s. open tennis all the time. that's where sean connery hangs out. looks like we're going down a drain. the show has been going down the drain. that's a good pose there. shaken not stirred. thank you, ross. we'll see you later. have a great weekend. if you have satellite tv, could you probably get the reds game maybe. >> maybe. >> we are in count down mode this morning. jobs r
jobs were add in july and august that government auditor didn't notice in the beginning. they revised their numbers. actually, july, august were stronger than expected to the tune of 86,000. 7.8% unemployment rate. what does that mean? the best since january 2009. when we dig within these numbers, carol, we can also see that some 418,000 people entered the workforce in the month. they are feeling a little more confident about things. either that or they've been out of the workforce for so long they've got to try to get in and get a job. you've got more people coming into the workforce. overall, 114,000 jobs created. they were in health care, transportation and government jobs. government jobs, three months in a row now. we've been seeing government layoffs for many, many, many months in a row. government jobs, transportation warehousing and we've been seeing -- everything else is pretty much flat in terms of job categories. the headline, carol, 7.8% is the unemployment rate. one more jobs report until the election. >> okay. so the political implications of this already coming in. in f
Search Results 0 to 49 of about 208 (some duplicates have been removed)